Wedbush Adds MongoDB and Palo Alto Networks to ’Best Ideas’ List Amid AI Boom

Wedbush analysts have included MongoDB and Palo Alto Networks in their 14-company 'Best Ideas' list, citing their potential to capitalize on surging artificial intelligence demand. MongoDB's price target was raised to $400, reflecting Optimism about its untapped growth in AI applications. Palo Alto Networks, trading near $201, was described as a "golden buying opportunity" despite recent declines.

The cybersecurity firm is expected to benefit from AI-driven threat proliferation and its strategy to become a comprehensive security provider. Its acquisition of CyberArk bolsters its position as a one-stop shop for enterprise security solutions. Both companies are positioned to ride the next wave of tech spending, with Wedbush emphasizing their structural advantages in evolving digital infrastructure.